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A decade ago, more residents left British Columbia than moved here, even with our mild climate and great quality of life. Alberta was the preferred destination, followed by Ontario.

But times have changed when it comes to interprovincial migration.

A total of 4,216 Canadians packed up and moved to ‘Super, Natural’ BC from other provinces, according to the most recent data available (from Q3-2014).

This was the largest quarterly inflow of newcomers we’ve seen in close to seven years.

Where are they coming from? Ontario tops the list (903 residents), followed by Manitoba (874), Quebec (811), Saskatchewan (747) and even Alberta (640).

During this same period, Alberta gained 6,320 new residents and the Yukon Territory gained 114 newcomers. All other provinces saw a decline in net migration.

Is this good for Vancouver real estate? You betcha!

 

January 26, 2015

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